Effects of import control policy: Case study on oil palm
1991
Sairak Poungmalee
Productions of both oil palm and palm oil had expanded since 1970. This was because of production extension measure for export and the government permission measure for importing palm oil. Also, in 1982 the import tariff system was introduced. Measures concerning oil palm and palm oil consisted of production measures which included oil palm industry development plan, the exception of import duty for seed and fertilizer and marketing measure which included target pricing and trade measures which were import restriction joining with import tariff. The elasticities of domestic demands with respect to the Bangkok wholesale prices of palm oil and soybean price weighted by wholesale price index of commodities in agricultural sector were -1.0282 and 1.8216, respectively. The elasticity of import demand with respect to palm oil import price was -0.5906. The elasticity of domestic demand with respect to per capita income was 1.6081 and the elasticity of domestic supply with respect to the weighted Bangkok wholesale price of palm oil was 1.0938.
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